Startups
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Descartes Labs raises $30 million Series B for its brand of geospatial analytics
Descartes Labs is announcing a $30 million Series B this morning in a large round led by March Capital. This comes just three months after one of Descartes’ largest competitors, Orbital Insight, closed its own $50 million Series C with Sequoia. Both Descartes and Orbital are playing in the emerging market of geospatial analytics. These companies use machine learning to produce insights… Read More
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Inflect’s infrastructure marketplace adds 30 new service providers and 2,200 data center and peering locations
Inflect, a San Francisco-based startup that wants to make it easier for businesses to find the right co-location facilities, network service and exchange providers, today announced that it has added over 30 service providers and information about 2,200 data centers and networking peering locations to its database since its launch two months ago. These new service providers include industry… Read More
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Three things that every startup should consider before the fundraising tide goes out
Now is the time for startups to engage in strategic planning so that future liquidity needs will be met. This article discusses market trends and how debt financing and other protective measures can engineer optionality that can help a startup not only survive, but potentially thrive during a period of financial distress. Read More
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After Magic Leap acquisition, Dacuda founder forms PXL Vision
Swiss startup Dacuda’s 3D scanning division was acquired by Magic Leap in February, but it seems the company’s founder, Michael Born, is just getting started with computer vision. He and three others who didn’t go over to the much-hyped and intensely secretive AR company have formed a new one: PXL Vision AG, focused on real-time image classification and Read More
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Uber’s financials show company is still growing, despite the drama
Uber’s past six months have been tumultuous, with lawsuits and allegations of harassment. The company doesn’t even have a CEO right now, but newly released financials suggest that most users don’t care. First reported by Axios, Uber has confirmed to us that Uber’s $8.7 billion in gross bookings were up 17 percent in the second quarter. Global trips increased 150… Read More
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Ojo wants to be the electric scooter for commuters, but it’s not there yet
Commuting in a busy city like San Francisco can be annoying — between all the cars, bikes, Boosted Boards and other electric gizmos zipping and weaving through lanes. The Ojo Electric scooter, while it might help with your personal traffic woes, won’t do much to help reduce the overall annoyance commuters experience. Read More
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English teaching service VIPKID raises $200M and reportedly hits a $1.5B valuation
VIPKID, an online English teaching tool, announced today that it has raised $200 million in financing. That financing round values the company at $1.5 billion, according to a report by Bloomberg. That wouldn’t just give VIPKID unicorn status — it also exposes a huge amount of demand there is in China and other countries as a tool to learn English from English speakers. VIPKID… Read More
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Lumity raises $19M to simplify employee health care choices
As companies get bigger and bigger, their needs are going to change — including, probably most importantly, their options for health care as their employee base expands and the costs of those plans start to balloon. But the end result is that employees could be presented with a confusing set of plans to pick from without a whole lot of guidance. There’s where Lumity comes in.… Read More
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New wearable tracker can transmit vital signs from a soft, tiny package
Body sensors have long been bulky, hard to wear, and obtrusive. Now they can be as thin as a Band-Aid and about as big as a coin. The new sensors, created by Kyung-In Jang, professor of robotics engineering at South Korea’s Daegu Gyeongbuk Institute of Science and Technology, and John A. Rogers, Northwestern University, consists of a silicone case that contains “50 components… Read More
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Lilium is almost as ambitious as European startups come. The Munich-based company is developing an all-electric vertical take-off and landing (VTOL) jet, which it hopes will one day power an on-demand “air taxi” service, arguably making flying cars a reality.